Stable Payouts, Increasing Performance: Peapack Gladstone Finl Supports Investors with Growing Earnings
Portfolio Pulse from Benzinga Insights
Peapack Gladstone Finl (NASDAQ:PGC) is set to deliver a dividend payout of $0.05 per share, equating to an annualized dividend yield of 0.68%. The company's dividend yield is lower compared to its industry peers, with Washington Trust Bancorp (NASDAQ:WASH) having a higher annualized dividend yield of 8.14%. Despite no adjustment in the dividend per share from 2019 to 2022, the consistent growth in earnings per share for Peapack Gladstone Finl indicates a sound financial status.
August 24, 2023 | 3:05 pm
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Peapack Gladstone Finl is set to deliver a dividend payout of $0.05 per share, with an annualized yield of 0.68%. The company's consistent growth in earnings per share indicates a sound financial status.
The company's consistent dividend payout and growth in earnings per share indicate a stable financial status, which is a positive sign for investors. However, the relatively low dividend yield compared to industry peers may limit the stock's attractiveness to income-focused investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Washington Trust Bancorp has a higher annualized dividend yield of 8.14% compared to Peapack Gladstone Finl.
The company's higher dividend yield compared to Peapack Gladstone Finl may make it more attractive to income-focused investors. However, without additional information on the company's financial health and earnings growth, it's difficult to assess the sustainability of these dividends.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50